Blog Post

Dow Jones Preps New Foreign Exchange News Product

With most investors and traders connected to some computer practically every moment of the day, the major financial news services have been rolling out a number of services that boast of “real-time news” the past few months. There’s been a succession of CNBC (NYSE: GE) products and a few from Thomson Reuters (NYSE: TRI). Dow Jones (NSDQ: NWS) Newswires and The WSJ are readying a news product in the coming months that is aimed at foreign exchange market traders.

The offering, dubbed the DJ FX Trader, will offer breaking news and analysis, tapping the work of DJ’s 2,100 journalists in 90 bureaus; a team of 100 journalists dedicated specifically to covering news vital to FX markets.

If this all sounds a bit dry, the ever-quotable Robert Thomson, editor-in-chief of Dow Jones and the WSJ’s managing editor, explains it with typical modesty: “The House of Medici made money from foreign exchange – in our age, it will be Dow Jones,” he said in a statement.

Whether or not Dow Jones reaches that plateau, the new service will, at the very least, represents another step in the redefinition of real-time news at time of near-instant access to targeted information. The announcement comes as parent News Corp. is planning to unveil its more consumer-oriented “iPad newspaper” The Daily this week.